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scappy

02/25/15 6:08 PM

#39518 RE: HighPeaks #39510

Once a long time ago I made a killing on a reverse stock split, I owned a stock KLOC was the symbol, I owned like 25,000 shares at around $0.25, and had another 10,000 shares with a broker friend who put me into the stock in the first place, for many months I was thousands of dollars in the red on the trade, then they did a five for one reverse split and it was trading at over $1.25, and I had about a little over 6,000 shares at that point, the stock had big news over the next few months and ran to $15.00 a share and I sold it for a $35.000 profit.
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newbie17z

02/25/15 7:17 PM

#39554 RE: HighPeaks #39510

Easy on using Solar3d as an example just yet. Many of the common folks that own shares such as myself are not able to trade them yet and from what our brokers have told us, may not be able too for a few days to a week when the company gives the shares to the brokerages. . They were up 30% on very low volume. I expect there to be some people that sell when they are able and it will drop back to AT LEAST the Split adjusted price of $4.71. Hopefully no lower.